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Utah Commercial Lease

Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments. The lessee is the receiver of the services or the assets under the lease contract and the lessor is the owner of the assets. The relationship between the tenant and the landlord is called a tenancy, and can be for a fixed or an indefinite period of time (called the term of the lease). The consideration for the lease is called rent. A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership from lawnmowers and washing machines to handbags and jewellry.

Under normal circumstances, a freehold owner of property is at liberty to do what they want with their property, including destroy it or hand over possession of the property to a tenant. However, if the owner has surrendered possession to another (the tenant) then any interference with the quiet enjoyment of the property by the tenant in lawful possession is unlawful. Similar principles apply to real property as well as to personal property, though the terminology would be different. Similar principles apply to sub-leasing, that is the leasing by a tenant in possession to a sub-tenant. The right to sub-lease can be expressly prohibited by the main lease.

Utah is a state in the Western United States. It was the 45th state to join the Union, on January 4, 1896. Utah is the 13th most extensive, the 34th most populous, and the 10th least densely populated of the 50 United States. Approximately 80% of Utah’s 2,817,222 people live along the Wasatch Front, centering on Salt Lake City. This leaves vast expanses of the state nearly uninhabited, making the population the sixth most urbanized in the U.S. The name “Utah” is derived from the name of the Ute tribe and means “people of the mountains” in the Ute language. Utah is bordered by Arizona on the south, Colorado on the east, Wyoming on the northeast, Idaho on the north and Nevada on the west. It also touches a corner of New Mexico.

Utah is the most religiously homogeneous state in the Union. Approximately 60% of Utahns are reported to be members of The Church of Jesus Christ of Latter-day Saints (LDS Church), which greatly influences Utah culture and daily life.